Economics (AS & A Level) · May / June 2022 · Paper 22 · Question 1
9708
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The question as text
Economic growth in Russia has slowed to well below the global average In 2019, Russia set an aim to quicken its economic expansion – to grow faster than the world as a whole. So far, the plan is off to an uncertain start. This has also led to a fall in the value of the exchange rate for the Russian currency, the rouble. Source: Andrew E. Kramer, The New York Times 18 February 2020 Table 1.1: Russia: Government budget balance as % of national output 2015 2016 2017 2018 2019 –2.4 –3.4 –1.5 2.9 1.8 Content removed due to copyright restrictions. 3 2016 2015 2018 2019 2017 2020 0 2 4 6 8 10 Inflation rate (%) 12 14 16 18 Fig. 1.1: Russia’s annual inflation rate, March 2015 to March 2020 Source: Trading Economics/Ministry of Finance of the Russian Federation
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1(a)(i)[1]
1(a)(ii)[1]
1(a)(iii)[2]
1(b)[4]
1(c)[6]
1(d)[6]
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